Fees

Fee Management

The management fee applicable to the pension operators and regulator (PFA, PFC and PENCOM) for RSA Fund I, Fund II, Fund III and Retiree Fund IV are contained in the table below:

Management Fee

 

Fund Type PFA (% p.a) PFC (% p.a) PENCOM (% p.a) Total (% p.a)
RSA Fund I (Asset Based) 1.5000 0.03000 0.2250 1.7550
 RSA Fund II (Asset Based) 1.2000 0.2500 0.2000 1.6500
RSA Fund III (Asset Based) 1.1000 0.2250 0.1750 1.5000
Retiree Fund IV (Income Based) 5.0000 1.5000 1.0000 7.5000
RSA Fund V (MPP) 5.0000 1.5000 1.0000 7.5000
RSA Fund VI (Active) 1.2000 0.2500 0.2000 1.6500
Retiree Fund VI 5.0000 1.5000 1.0000 7.5000

PFA Fee

N100.00 or N50.00 when clients monthly total contribution is less than N1,000.00